NOT FOR DISTRIBUTION, RELEASE OR REPUBLICATION, DIRECTLY OR INDIRECTLY, TO U.S.
NEWS WIRE SERVICES OR FOR DISSEMINATION IN OR INTO THE UNITED STATES, AUSTRALIA,
CANADA, HONG KONG OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION,
RELEASE OR REPUBLICATION WOULD BE UNLAWFUL

Asker, 13 February 2025. Reference is made to the stock exchange release from
Argeo ASA ("Argeo" or the "Company") (Euronext Oslo Børs: ARGEO) published on 12
February 2025 announcing the completion of a private placement of new shares in
the Company, raising gross proceeds of NOK 150 million (the "Private Placement")
and a contemplated subsequent offering of up to 12,000,000 new shares directed
towards eligible shareholders, raising gross proceeds of NOK 96,000,000 million
(the "Subsequent Offering").  

The shares in Argeo will be traded exclusive the right to participate in the
Subsequent Offering (if resolved) as from today, 13 February 2025. 

Disclosure regulations 
This information is subject to a duty of disclosure pursuant to the Company's
continuing obligations as a company listed on Euronext Oslo Børs.

For more information, please contact: 
Trond Figenschou Crantz, CEO
Email: [email protected] 
Phone: +47 976 37 273

About Argeo 
Argeo is an Offshore Service company with a mission to transform the ocean
surveying and inspection industry by utilising autonomous surface and underwater
robotics solutions. Equipped with unique sensors and advanced digital imaging
technology, the Autonomous Underwater Vehicles (AUV's) will significantly
increase efficiency and imaging quality in addition to contributing to
significant reduction in CO2 emissions from operations for the global industry
in which the Company operates. The Company's highly accurate digital models and
digital twin solutions are based on geophysical, hydrographic, and geological
methods from shallow waters to the deepest oceans for the market segments Oil &
Gas, Renewables, Marine Minerals and Offshore Installations. Argeo was
established in 2017 and has offices in Asker (Oslo), Tromsø, Stockholm, Houston,
and Singapore. Since its incorporation, Argeo has carried out complex projects
for some of Norway's largest companies in the field. 

The company is listed on Euronext Oslo Børs (main regulated marketplace on the
Oslo Stock Exchange) under the ticker: ARGEO.

Please visit www.argeo.no for more information.